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  3. Oak Forest, IL
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  5. Oak Terrace Apartments
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Oak Terrace Apartments

15704 S Terrace Dr Drive, Oak Forest, IL, 60452
Oak Terrace Apartments

YEAR BUILT

# STORIES

# TOTAL UNITS

7

UNIT SIZE RANGE

950-1,050 sqft

Description

Oak Terrace Apartments stands at 15704 S Terrace Drive in Oak Forest. It sits near the intersection of 159th Street and Central Avenue. The Calumet Sag Channel is the closest water body. This building offers easy connections to local roads and highways. The building is a condominium with 7 units. It was built with a standard design and features 1 to 2 bedrooms in each residence. Unit sizes range from 950 to 1,050 square feet. Each space provides room for comfortable living. Prices for units start at $100,000. The lowest sold price in the past year is around $140,000. The average closed price is also $140,000, translating to about $140 per square foot. Units typically spend around 43 days on the market. Residents enjoy a few amenities, such as a pool and a party room. These shared spaces encourage community interaction and leisure time. Nearby, dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice, offering a variety of cuisines. In summary, Oak Terrace Apartments provides a straightforward living experience in a welcoming neighborhood. With manageable prices and essential amenities, it aligns with the needs of many potential buyers looking for a cozy home. The nearby dining and leisure options further enhance the living experience in this community.

Building ImageMLS ID #06530320
Building ImageView Listing

Oak Terrace Apartments

15704 S Terrace Dr Drive, Oak Forest, IL, 60452


Oak Terrace Apartments

YEAR BUILT

# STORIES

# TOTAL UNITS

7

UNIT SIZE RANGE

950-1,050 sqft

Description

Oak Terrace Apartments stands at 15704 S Terrace Drive in Oak Forest. It sits near the intersection of 159th Street and Central Avenue. The Calumet Sag Channel is the closest water body. This building offers easy connections to local roads and highways. The building is a condominium with 7 units. It was built with a standard design and features 1 to 2 bedrooms in each residence. Unit sizes range from 950 to 1,050 square feet. Each space provides room for comfortable living. Prices for units start at $100,000. The lowest sold price in the past year is around $140,000. The average closed price is also $140,000, translating to about $140 per square foot. Units typically spend around 43 days on the market. Residents enjoy a few amenities, such as a pool and a party room. These shared spaces encourage community interaction and leisure time. Nearby, dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice, offering a variety of cuisines. In summary, Oak Terrace Apartments provides a straightforward living experience in a welcoming neighborhood. With manageable prices and essential amenities, it aligns with the needs of many potential buyers looking for a cozy home. The nearby dining and leisure options further enhance the living experience in this community.

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Description

Oak Terrace Apartments stands at 15704 S Terrace Drive in Oak Forest. It sits near the intersection of 159th Street and Central Avenue. The Calumet Sag Channel is the closest water body. This building offers easy connections to local roads and highways. The building is a condominium with 7 units. It was built with a standard design and features 1 to 2 bedrooms in each residence. Unit sizes range from 950 to 1,050 square feet. Each space provides room for comfortable living. Prices for units start at $100,000. The lowest sold price in the past year is around $140,000. The average closed price is also $140,000, translating to about $140 per square foot. Units typically spend around 43 days on the market. Residents enjoy a few amenities, such as a pool and a party room. These shared spaces encourage community interaction and leisure time. Nearby, dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice, offering a variety of cuisines. In summary, Oak Terrace Apartments provides a straightforward living experience in a welcoming neighborhood. With manageable prices and essential amenities, it aligns with the needs of many potential buyers looking for a cozy home. The nearby dining and leisure options further enhance the living experience in this community.

Oak Terrace Apartments Key Stats Last 12 months

Avg. Listed Price$145,000($145/Sqft.)
Avg. Sale Price$140,000($140/Sqft.)
Year over year list price0.00%
Year over year sale price 0.00%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market43 days
Average HOA fees per sqft$5 /monthly
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Key Stats

Year over year list price0.00%
Year over year sale price0.00%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market43 days
Average HOA fees per sqft$5 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Oak Terrace Apartments Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit R03R03100021432025-01-31
MLS#: 12255718 		Closed$140,000
Unit 22-11852007-08-22
MLS#: 06530320 		Closed$100,000
Unit 3E3E-111202007-06-29
MLS#: 06425400 		Closed$100,000
Unit 2
2

1 Beds

1 Baths

0 sqft

DateStatusPrice
2007-08-22Closed$100,000
MLS#: 06530320
Days On Market85
Unit 3E
3E

1 Beds

1 Baths

0 sqft

DateStatusPrice
2007-06-29Closed$100,000
MLS#: 06425400
Days On Market120
Unit R03
R03

2 Beds

1 Baths

1000 sqft

DateStatusPrice
2025-01-31Closed$140,000
MLS#: 12255718
Days On Market43
View Complete Unit Listing HistorySource By: MRED

Amenities

Imagine stepping out of your front door to find a shimmering swimming pool just a stone's throw away! The amenities at Oak Terrace are also a highlight, featuring a inviting party room for hosting gatherings or simply enjoying downtime with friends. These communal areas foster a sense of community while allowing you to balance relaxation and social living. Whether you’re taking a dip in the pool or celebrating milestones with neighbors, Oak Terrace provides the perfect backdrop.

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Amenities Description

Imagine stepping out of your front door to find a shimmering swimming pool just a stone's throw away! The amenities at Oak Terrace are also a highlight, featuring a inviting party room for hosting gatherings or simply enjoying downtime with friends. These communal areas foster a sense of community while allowing you to balance relaxation and social living. Whether you’re taking a dip in the pool or celebrating milestones with neighbors, Oak Terrace provides the perfect backdrop.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Central AC
Central AC
Pool
Pool
Check Icon
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
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Amenities

Pool

Pool

Coin Laundry

Coin Laundry

Party Room

Party Room

Storage

Storage

Balcony

Balcony

Policies

When it comes to policies at Oak Terrace, simplicity is key. There are no excessive restrictions, which means you have the freedom to create your space and enjoy the community without unnecessary limitations. It's this relaxed atmosphere that makes condo living here so attractive for first-time buyers.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Oak Terrace Apartments$140/sqft.$5 /sqft.
15704 S Terrace Dr Dr$140/sqft.$5 /sqft.
Oak Terrace Apartments$127/sqft.$5 /sqft.
Oak Terrace Apartments$168/sqft.$4 /sqft.
15712 Terrace Dr$168/sqft.$4 /sqft.
Oak Terrace Apartments$144/sqft.$4 /sqft.

Nearby Schools

In , Oak Terrace Apartments benefits from nearby schools within easy reach. Educational institutions within 2 miles reduce travel time for families. This convenient access supports balanced daily routines. The location promotes comfortable urban living.

Scarlet Oak Elementary School

B-
Public|Grades 3–4
5731 Albert Dr|0.28 miles away

Lee R Foster Elementary School

A-
Public|Grades 1–5
5931 School St|0.55 miles away

Walter F Fierke Education Center

B-
Public|Grades PK–5
6535 Victoria Dr|0.74 miles away

Oak Forest High School

A-
Public|Grades 9–12
15201 Central Ave|0.85 miles away

Jack Hille Middle School

C-
Public|Grades 6–8
5800 151st St|0.86 miles away

St Damian School

--
Private|Grades PK–8
5300 155th St|0.88 miles away
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Schools

arrow rightWhat to know about schoolsarrow right
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Description

In , Oak Terrace Apartments benefits from nearby schools within easy reach. Educational institutions within 2 miles reduce travel time for families. This convenient access supports balanced daily routines. The location promotes comfortable urban living.

Scarlet Oak Elementary School

B-
Public|Grades 3–4
5731 Albert Dr|Less than 1 Mile Away

Lee R Foster Elementary School

A-
Public|Grades 1–5
5931 School St|Less than 1 Mile Away

Walter F Fierke Education Center

B-
Public|Grades PK–5
6535 Victoria Dr|Less than 1 Mile Away

Oak Forest High School

A-
Public|Grades 9–12
15201 Central Ave|Less than 1 Mile Away

Jack Hille Middle School

C-
Public|Grades 6–8
5800 151st St|Less than 1 Mile Away

St Damian School

--
Private|Grades PK–8
5300 155th St|Less than 1 Mile Away

Destiny Program

--
Public|Grades –
6020 151st St|Less than 1 Mile Away

Braun Educational Center

--
Public|Grades –
6020 151st St|Less than 1 Mile Away

Project Challenge

--
Public|Grades –
6020 151st St|Less than 1 Mile Away

Communication Development Program

--
Public|Grades –
6020 151st St|Less than 1 Mile Away

Deaf/Hard of Hearing Program

--
Public|Grades –
6020 151st St|Less than 1 Mile Away

Kimberly Heights Elementary School

--
Public|Grades PK–KG
6141 Kimberly Dr|1.14 Miles Away

Trinity Lutheran School

--
Private|Grades PK–8
6850 159th St Ste ...|1.20 Miles Away

Kerkstra Elementary School

A+
Public|Grades 1–5
14950 Laramie Ave|1.34 Miles Away

Ridge Early Childhood Center

--
Public|Grades PK–KG
5151 149th St|1.45 Miles Away

Bert H Fulton School

A
Public|Grades PK–5
6601 171st St|1.96 Miles Away

Transit

With nearby public transportation, Oak Terrace Apartments offers strong connectivity across Oak Forest. Access to Bus, Rail within a 2-mile radius supports efficient commuting. Reliable transit routes improve travel convenience for residents. This location provides practical urban accessibility.

147th St & Cicero Ave

1.98 miles away|38 min walk

15840 S Cicero Ave

1.5 miles away|29 min walk

159th St & 71st Ct

1.36 miles away|27 min walk

159th St & 76th Ave

2 miles away|39 min walk

159th St & Arroyo Dr

0.28 miles away|6 min walk

159th St & Central Ave

0.49 miles away|10 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

With nearby public transportation, Oak Terrace Apartments offers strong connectivity across Oak Forest. Access to Bus, Rail within a 2-mile radius supports efficient commuting. Reliable transit routes improve travel convenience for residents. This location provides practical urban accessibility.

147th St & Cicero Ave

1.98 miles away|38 min walk

15840 S Cicero Ave

1.5 miles away|29 min walk

159th St & 71st Ct

1.36 miles away|27 min walk

159th St & 76th Ave

2 miles away|39 min walk

159th St & Arroyo Dr

0.28 miles away|6 min walk

159th St & Central Ave

0.49 miles away|10 min walk

159th St & Cicero Ave (Metra Station)

1.43 miles away|28 min walk

159th St & Debra Ave

0.7 miles away|14 min walk

159th St & Debra Dr

0.71 miles away|14 min walk

159th St & Forest Dr

1.69 miles away|33 min walk

159th St & Forest Dr (Oak Forest Hospital)

1.69 miles away|33 min walk

159th St & Harlem Ave

1.47 miles away|29 min walk

159th St & Laramie Ave

0.99 miles away|19 min walk

159th St & Le Claire Ave

1.12 miles away|22 min walk

159th St & Lorel Ave

0.82 miles away|16 min walk

159th St & Oak Park Ave

1.09 miles away|21 min walk

159th St & Olcott Ave

1.75 miles away|34 min walk

159th St & Park Center Dr

1.62 miles away|32 min walk

159th St & Peggy Ln

0.36 miles away|7 min walk

159th St & Ridgeland Ave

0.56 miles away|11 min walk

159th St & Rob Roy Dr

0.41 miles away|8 min walk

159th St & Terrace Dr

0.24 miles away|5 min walk

16130 Oak Park Ave

1.22 miles away|24 min walk

16136 Oak Park Ave

1.23 miles away|24 min walk

167th St & Cicero Ave

1.97 miles away|38 min walk

6701 159th St (Ingalls Family Care)

0.9 miles away|18 min walk

Centennial Dr & Brementowne Dr

1.57 miles away|31 min walk

Centennial Dr & Brementowne Rd

1.6 miles away|31 min walk

Centennial Dr & Centennial Cir / Plymouth Ct (E)

1.41 miles away|28 min walk

Centennial Dr & Lexington Ct (W)

1.38 miles away|27 min walk

Centennial Dr & Oak Park Ave

1.19 miles away|23 min walk

Cicero Ave & 147th St

1.92 miles away|37 min walk

Cicero Ave & 149th St

1.8 miles away|35 min walk

Cicero Ave & 151st St

1.67 miles away|33 min walk

Cicero Ave & 152nd St

1.62 miles away|31 min walk

Cicero Ave & 153rd St

1.57 miles away|31 min walk

Cicero Ave & 154th St

1.53 miles away|30 min walk

Cicero Ave & 155th St

1.49 miles away|29 min walk

Cicero Ave & 157th St

1.48 miles away|29 min walk

Cicero Ave & 159th St

1.51 miles away|29 min walk

Cicero Ave & Waverly Ave

1.49 miles away|29 min walk

Harlem Ave & 153rd St

1.59 miles away|31 min walk

Harlem Ave & 157th St

1.49 miles away|29 min walk

Harlem Ave & 159th St

1.52 miles away|30 min walk

Harlem Ave & 161st St

1.58 miles away|31 min walk

Harlem Ave & Wheeler Dr

1.52 miles away|30 min walk

Oak Forest

1.4 miles away|27 min walk

Oak Forest Metra (15801 Cicero Ave)

1.5 miles away|29 min walk

Oak Park Ave & 163rd Pl

1.3 miles away|26 min walk

Oak Park Ave & 165th Pl

1.47 miles away|29 min walk

The Neighbourhood: Oak Terrace Apartments

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Oak Terrace Apartments Demographics

Age Demographics

0–14 Years

19.19%

15–29 Years

16.94%

30–44 Years

19.86%

45–59 Years

22.04%

60+ Years

21.97%

Commute

4.03%

Transit

2.18%

Walk

86.31%

Drive

0%

Bike

Housing Ownership

77.93%

Owner Occupied

22.07%

Rental Units

Household Types

Single Family
26.21%
Multi Family
14.03%
Single Person
24.17%
Multi Person
75.83%

Average Income

Household:$9,011,754.08 /yr

Individual:$3,688,212.2 /yr

Education

Bachelors Degree19.77%
High School College28.28%
Diploma10.95%
Post Graduate8.75%
Others32.25%
Next

Education

Diploma10.95%
Post Graduate8.75%
Others32.25%
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  2. /Oak Forest, IL
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    Oak Terrace Apartments
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